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Appeals Court Rules in Favor |
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Appeals Court Rules in Favor |
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RBBI Comments: This is a very major win for Brunswick. Besides this 133 mil, there are other major lawsuits in the wings very strongly related to this one that will be strongly impacted by this decision.
LAKE FOREST, Ill., March 24 /PRNewswire/ -- Brunswick Corporation
announced today that an appeals court found in favor of Brunswick
and reversed a trial court's $133 million judgment for plaintiffs in an
antitrust case tried in Little Rock, Ark., in June 1998. The suit was filed
in 1995 by a group of boat builders and its buying cooperative.
The United States Court of Appeals for the Eighth Circuit ordered the
trial court to enter judgment for Brunswick as a matter of law because the
case should not have been submitted to the jury. In its ruling, the court
said, among other things, that, "After a careful review of the voluminous
record in this case, we conclude that the judgment for the boat builders
cannot be upheld and that Brunswick is entitled to entry of judgment in its
favor."
Commenting on the ruling, Brunswick Chairman and Chief Executive Officer
Peter N. Larson said, "With this case behind us, we are now able to focus all
of our attention on continuing to implement our growth strategy and on
providing our boat builder customers with the quality products and services
they have come to expect from Brunswick."
Brunswick Corporation is the global leader in consumer products for active
recreation with leading brands in pleasure boating, marine engines, fitness
equipment, fishing, camping, bowling, billiards and biking.
SOURCE Brunswick Corporation
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